U.S. International Development Finance Corporation
US federal agency responsible for providing foreign aid
U.S. International Development Finance Corporation
The United States International Development Finance Corporation (DFC) is an agency of the United States federal government that invests in development projects primarily in lower and middle-income countries. First authorized on October 5, 2018, by the BUILD Act, the independent agency was formed on December 20, 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several other smaller offices and funds. The DFC provides loans, loan guarantees, direct equity investments, and political risk insurance to support private-sector-led development projects, as well as funding for feasibility studies and technical assistance. DFC invests across several sectors including energy, healthcare, critical infrastructure, and technology, with stated priorities of women's empowerment, innovation, investment in West Africa and the Western Hemisphere, and climate change.
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